Incorporated in December 2006,Bikewo Green Tech Limited is a electric two wheeler retailer in India.
The company’s brand is in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra and Gujarat.
The company operate its business activities through dealership models. They offer three types of dealerships to their dealers;
The company plans to open stores in Raipur, Indore, Delhi, Chandigarh, Lucknow, Prayagraj, Patna, Bhubaneshwar, Nagpur, Bangalore and Trivandrum.
As of January 31, 2024, the Company had 36 employees on payroll.
Competitive Strength
BikeWo GreenTech Limited’s revenue increased by 22% and profit after tax (PAT) rose by 1606% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 3,151.35 | 1,962.4 | 1,497.41 | |||||||||||||||||||||||||||
| Revenue | 2,514.21 | 2,061.86 | 1,391.71 | |||||||||||||||||||||||||||
| Profit After Tax | 167.21 | 9.8 | 15.19 | |||||||||||||||||||||||||||
| Net Worth | 1,676.7 | 723.14 | 713.34 | |||||||||||||||||||||||||||
| Total Borrowing | 1,419.35 | 1,239.26 | 784.07 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of BikeWo GreenTech IPO is Rs 80.87 Cr.
KPI as of March 31, 2023.
| KPI | Values |
|---|---|
| ROE | 13.94% |
| ROCE | 10.87% |
| RoNW | 13.94% |
| PAT Margin (%) | 6.69 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.83 | 1.28 |
| P/E (x) | 33.95 | 48.36 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
| IPO Date | September 18, 2024 to September 20, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹59 to ₹62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,886,000 shares (aggregating up to ₹24.09 Cr) |
| Fresh Issue | 3,886,000 shares (aggregating up to ₹24.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,157,250 |
| Share holding post issue | 13,043,250 |
| Market Maker portion | 196,000 shares |
The company's promoters are Katepalli Manideep, Satyapoorna Chander Yalamanchili, N Vidhya Sagar Reddy and Manvi Talwar.
| Share Holding Pre Issue | 89.00% |
| Share Holding Post Issue | 62.48% |
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As per our analysis and Based on the information we have, this is the output.
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